Companies operating in the GCC region during 2024 will face a unique set of challenges presented by tax and customs authorities, as the GCC continues to experience constant and significant legal changes in tax and trade regulations. These changes have been driven by various factors, including the need to diversify revenue sources, enhance economic stability,…
The Zakat, Tax, and Customs Authority (ZATCA) has recently updated its guidelines regarding tax ruling requests, which is primarily designed to assist taxpayers in understanding the process to obtain clarity on KSA’s tax laws in relation to the taxpayer’s specific circumstances. According to ZATCA, the specific Tax Ruling will serve as ZATCA’s clarification as…
Mahmoud Kandil has joined Hourani & Partners as a Senior Consultant in the Litigation team. Mahmoud brings a wealth of experience advising a diverse clientele, including businesses, financial institutions, multinational corporations, real estate and construction companies, family offices, and royal families on various contentious matters. With expertise in both domestic and cross-border disputes, Mahmoud…
Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) is in the process of comprehensively reforming its income tax and zakat framework, which mainly entails the introduction of a revised Income Tax Law, aiming to replace the existing law, and a unified Zakat and Tax Procedures Law. The aim is to foster a more business-friendly environment…
